According to the unofficial data, The International Monetary Fund (IMF) will lower the forecast of global economic growth by 0.2 percentage points to 3.3% in 2012, and by 0.3 percentage points to 3.6% in 2013. Official data will be published in the near future.

(Media-Newswire.com) - According to the unofficial data, The International Monetary Fund ( IMF ) will lower the forecast of global economic growth by 0.2 percentage points to 3.3% in 2012, and by 0.3 percentage points to 3.6% in 2013. This was reported by Reuters, citing the German media. In addition, it is expected that The IMF has cut its forecast for euro zone’s GDP growth outlook. Currency bloc's economy will grow by 0.2% in 2013, not 0.3% as predicted in the previous report, the IMF, published in July. A stronger recession is expected - at 0.4%, down 0.3% in 2012.

IMF experts believe that further slowdown in world economic growth in 2012 and 2013 will threaten deterioration. The forecast for the world economy Growth depends on whether the euro zone and the U.S. A. will take decisive policy measures to stabilize market confidence and growth in economic sentiment.In September, the head of the International Monetary Fund Christine Lagarde warned of a possible decline in global economic growth forecast for next year. Ms. Lagarde urged eurozone countries to find the quickest way out of the crisis and establish a single regulatory body to enhance competitive advantage of the EU economy.«The global economy has weakened, and we cut our growth forecast for a few tenths of a point,» said Hoe Ee Khor, Deputy Director of the IMF Asia-Pacific.The financial advisor Dmitry Chernavski thinks that global economy will take a minimum of 5 to 10 years to overcome the financial crisis. At the same time, Dmitry Chernavski said, Europe remains a source of instability, which needs to reduce the prices to fight the crisis in the euro area. "However, keeping inflation at a low level will risks the financial system " - predicts Dmitri Chernavski.The analyst in Investkafe, Andrei Sakharov notes that almost ¾ of 2012 is behind, the situation in the global economy has slightly stabilized, and no cute exacerbations are expected. Therefore, said Andrei Sakharov, an updated forecast for 2012 is more of a statement of the weakening global economy, rather than a reflection of negative expectations.

Head of the Eurogroup and Prime Minister of Luxembourg, Jean-Claude Juncker agrees with him. Key indicators ( such as the size of the national debt or deficit ) of the countries from outside the euro zone are better than those of the USA, Japan and the UK and the euro continues to be one of the most stable currencies in the world said Jean-Claude Juncker.

Additional Information

Publisher:

Release Date

This story was released on 2012-10-30. Please make sure to visit the official company or organization web site to learn more about the original release date. See our disclaimer for additional information.